Cinnober Financial Technology today announced the acquisition of Markit Trade Reporting (“Boat”) from Markit with Cinnober taking full control of Boat’s European trade reporting service as of July 1st.
Earlier this year, Markit announced plans to discontinue the trade reporting service. However, with significant market demand for an independent trade reporting service and an extensive client base, Cinnober has decided to acquire Boat. Cinnober has provided the core technology and operated the Boat platform since its inception in 2007.
Boat is an independent service
platform for the finance and
(re)insurance industries, part of
Cinnober, world leading independent
provider of trading, clearing, and
market surveillance solutions